Recently the tax authorities informed about its decision to introduce a deadline for issuing VAT invoices in the VAT electronic system www.ebarimt.mn
In particular, based on the tax authorities’ decision, the cut-off date for issuance of VAT invoices for sales, performed in the reporting month, shall be the 8th of the next month.
Previously, it was possible to issue VAT invoices within the deadline for the submission of VAT return, i.e. by the 10th of the following month. However, as many VAT payers delayed issuing of invoice till the last moment, their counterparties experienced problems with reconciling of VAT liabilities. In view of this, the tax authorities assigned a deadline in advance.